ICE Canada Canola Weaker In Thin Trade

"There’s just not enough volume to really comment," said one Winnipeg broker. He noted that the thin volumes could make it easy for any small amounts of buying or selling to cause large movements in the market. However, the broker said there was nobody ‘sticking their necks out’ on either side of the market on Monday, with most participants content to wait for some direction from the US soy complex on Tuesday. "Tomorrow it could be a whole new ball game," he said.

With little fresh news to provide direction, the bias was to the downside in canola. The broker said that the recent strength in the Canadian dollar was starting to weigh on the nearby canola contracts, despite the fact that the currency was seeing a correction lower of its own on Monday.

Only about 460 canola contracts had traded by 10:45 CDT, with spreading a small feature.

Western barley futures were untraded at midsession, with small bids and offers on both sides of the market.

Prices in Canadian dollars per metric ton at 10:45 CDT: